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Mighty Beared Up


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#11 tradesurfer

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Posted 14 May 2020 - 08:23 PM

Looks like we are in a battle with history tomorow

 

The Latin root of "ides" means "to divide," so ides basically just denotes the middle of the month. The Roman calendar designates the 15th as the ides of March, May, July and October, and the 13th day is the ides for all other months.

 

https://www.techtime...lius-caesar.htm

 

Since then, the Ides of March has come to be known as an unlucky day, similar to Friday the 13th. But is it really such a bad day? Well, apparently a lot of other bad things have happened on this date throughout history, including a cyclone that hit Samoa in 1889, the German occupation of Czechoslovakia in 1939 and the cancellation of The Ed Sullivan Show in 1971, according to Smithsonian.com. Beware the Ides of March indeed.

 



#12 K Wave

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Posted 14 May 2020 - 09:13 PM

Sox back over 1720 and Qs over 220....bears aint done nuthin' yet....

 

IF NQ manages to hold 9000-9020 area overnight / tomorrow morning, then new swing high still on the table....


Edited by K Wave, 14 May 2020 - 09:14 PM.

What A Beautiful Black Sky


#13 4caster

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Posted 14 May 2020 - 09:17 PM

Well, sometimes it does get a little lower first....

 

Sentient Trader just had a low last week in his phasing, and has a bigger low in late May, or in June, from an alternate phasing.  

 

The big one, the really big 4.5 year low is due in late August/September.



#14 4caster

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Posted 14 May 2020 - 09:22 PM

I enjoy reading your posts on ihub. Today at 5:11:52 pm you posted that your chart showed an oversold situation

for the mkt before the bell. Before the bell the RSI(2) on the daily SPY chart was at 7 showing an oversold

situation. Great call.



#15 SteveB

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Posted 15 May 2020 - 12:01 AM

robo I like your charts. The rate cut overlay on $SPX is clever. Thanks for posting them, especially the links. I have added some of your charts to my own chart lists.



#16 tradesurfer

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Posted 15 May 2020 - 01:01 AM

Yes... too bearish... but the one monkey wrench that can throw everything off is a  TWEET this weekend that basically *halts* ALL imports from  China because they messed up on the virus stuff....  or that the entire trade deal is *cut off*

 

 

https://www.theguard...s-over-covid-19


Edited by tradesurfer, 15 May 2020 - 01:02 AM.


#17 da_cheif

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Posted 15 May 2020 - 04:55 AM

i guess it doesnt matter to anyone that there is 3 trillion in money market funds   and few if any long the market   even after 5 thousand pts up    ....watch the sky 2022 and 675   ono



#18 robo

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Posted 15 May 2020 - 08:05 AM

robo I like your charts. The rate cut overlay on $SPX is clever. Thanks for posting them, especially the links. I have added some of your charts to my own chart lists.

You be welcome!

 

https://www.jeffclar...n-the-downside/

 

 

https://stockcharts....039&a=696733743

 

Note what happened the last time the VIX spiked over 80. We shall see how all this plays out.

 

https://stockcharts....873&a=719491857


Edited by robo, 15 May 2020 - 08:14 AM.

“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore


#19 OEXCHAOS

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Posted 15 May 2020 - 08:48 AM

This is a couple days old. It's only worse now.

Cumulative SH Assets05-13-20.gif


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#20 robo

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Posted 15 May 2020 - 08:50 AM

Mark,

 

How do you use that to trade?

 

Thanks!


“There is only one side to the stock market; and it is not the bull side or the bear side, but the right side”   Jesse L. Livermore